Credo Brands Marketing (NSE:MUFTI) ROCE % : 19.60% (As of Mar. 2024)

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What is Credo Brands Marketing ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Credo Brands Marketing's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.60%.

Credo Brands Marketing ROCE % Historical Data

The historical data trend for Credo Brands Marketing's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Credo Brands Marketing ROCE % Chart

Credo Brands Marketing Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

5.75

16.76

27.92

19.60

Credo Brands Marketing Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
ROCE %	5.75	16.76	27.92	19.60

Credo Brands Marketing ROCE % Calculation

Credo Brands Marketing's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	1029.52	/	( ( (5744.8 - 957.81)	+	(7099.02 - 1380.54) )	/ 2 )
	=	1029.52	/	( (4786.99	+	5718.48)	/ 2 )
	=	1029.52	/	5252.735
	=	19.60 %

Credo Brands Marketing's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Mar. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Mar. 2023 )		(Q: Mar. 2024 )
	=	1029.52	/	( ( (5744.8 - 957.81)	+	(7099.02 - 1380.54) )	/ 2 )
	=	1029.52	/	( ( 4786.99	+	5718.48 )	/ 2 )
	=	1029.52	/	5252.735
	=	19.60 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2024) EBIT data.

Credo Brands Marketing (NSE:MUFTI) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Credo Brands Marketing ROCE % Related Terms

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Credo Brands Marketing (NSE:MUFTI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Credo Brands Marketing Ltd (NSE:MUFTI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

544058:India

Address

B-8, MIDC Central Road, Marol, Next to MIDC Police Station, Andheri East, Mumbai, MH, IND, 400093

Website

https://www.credobrands.in

Credo Brands Marketing Ltd is a homegrown brand in the mid-premium and premium men's casual wear market in India. The product offerings range from shirts to t-shirts to jeans to chinos, which cater to all year-round clothing. The Company is primarily engaged in the business of retailing of Men's casual wear under its Brand MUFTI. The company generates the majority of its revenue from the sale of its products.

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